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Elaine is considering a project that will produce cash inflows of $12,000 at the end of Year 1, $28,000 at the end of Year 2,
Elaine is considering a project that will produce cash inflows of $12,000 at the end of Year 1, $28,000 at the end of Year 2, and $34,000 in Year 3. What is the present value of these cash inflows if the discount rate is 12 percent?
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